Trading Insights:
1. The cryptocurrency market rises and falls together; during a bull market, increases do not require value support, just a reason for the rise;
2. Do not talk about faith with altcoins; if you need to cut losses, do it;
3. Time is a friend of Bitcoin but an enemy of altcoins;
4. The value foundation of altcoins relies on continuous innovation; once innovation stagnates, value will collapse. The value foundation of Bitcoin lies in its invariability; being trapped in Bitcoin will eventually have a resolution, but altcoins may not;
5. The only assets suitable for left-side trading are Bitcoin and Ethereum; the biggest risk of altcoins is going to zero;
6. A healthy start to a bull market is when BTC stands out alone; therefore, first build a position in Bitcoin and Ethereum; if it rises, you're not missing out, and if it falls, you won't be scared of being trapped;
7. Altcoins have no defensive capability;
8. Do not increase your position during a rise; position management is very important—start with light positions to test, then increase significantly after a rise; playing this way makes it hard to lose money;
9. The positions in Bitcoin and Ethereum should not be less than half;
10. When playing altcoins, actively take profits and sell off;
11. If you fall in one place, get up in another—lose money here, make it back somewhere else;
12. The biggest cost after being trapped is the opportunity cost;
13. The core of trading altcoins is knowing when to sell;
14. Only eat until you are 70% full; fish heads and tails are not that tasty, leave them for the market makers; wait until the leading coins run before going for the more certain profits of the fish belly;
15. When trading altcoins, always keep positions light; heavy positions can ruin your mindset, a bad mindset leads to poor operations, and reckless operations result in losses.
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